http://www.lawsocietyblog.com/archives/259 Notes from the intersection of law, society, technology, economics, and culture Thu, 20 Nov 2008 09:11:58 +0000 http://wordpress.org/?v=2.2 http://www.lawsocietyblog.com/archives/259#comment-2546 Manfred Gabriel Tue, 01 Aug 2006 01:58:39 +0000 http://www.lawsocietyblog.com/archives/259#comment-2546 I like the proposal. But wouldn't it create a floor for consumption? Meaning, gas consumption will not fall below the level of permits issued. If the goal is to reduce gasoline consumption as much as possible, it might work to build in an incentive to not use the permits, for example by repurchasing unused gas permits at a premium (that premium would of course also be the minimum price at which consumers are willing to sell unused permits to other consumers). I like the proposal. But wouldn’t it create a floor for consumption? Meaning, gas consumption will not fall below the level of permits issued. If the goal is to reduce gasoline consumption as much as possible, it might work to build in an incentive to not use the permits, for example by repurchasing unused gas permits at a premium (that premium would of course also be the minimum price at which consumers are willing to sell unused permits to other consumers).

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